4 ms·
I know my state has barred evictions until May. I assume that pertains to commercial property too.
by madengr 7y ago
I know my state has barred evictions until May. I assume that pertains to commercial property too.
- JoeAltmaier 7y agoSo folks instantly capitalize on that, by stiffing the landlord? It would never have occurred to me. One I talked to was even militant about it. "I tried to call him to negotiate something, but he wouldn't answer his phone! So I sent a check for half, and wrote 'paid in full' on it!" Wow.
- madengr 7y agoI know my employer stiffs paying bills, well past net 30, so I can see others doing it. The worst you have to do is pay back-rent. Nothing to lose. In fact, better to delay it and take advantage of the bailout money that can be used for rent and payroll.
- pavlov 7y agoIt's not like the landlord can just get a new tenant in the current situation. The market value for retail real estate has collapsed to nearly zero for the short term. As the owner of the property, the landlord is the one who was bearing the risk.
- macintux 7y agoAs a businessperson, you can pay full rent on a property you may never be able to reopen, or you can try to keep from being evicted and wait to see what happens later. If you’re going to fail soon anyway, which I suspect most small businesses are afraid of, you want to minimize your losses.
- _curious_ 7y agoI don't believe it does.